Olaplex Q4, Full-year 2023 Net Sales Decline

Mar 1st, 2024

Fourth quarter 2023 results showed net sales decreased 14.5% to $111.7 million.

Fourth quarter 2023 results showed net sales decreased 14.5% to $111.7 million.

Olaplex has announced it fourth quarter 2023 results, which showed net sales decreased 14.5% to $111.7 million. Full-year 2023 results showed net sales decreased 34.9% to $458.3 million.

Q4

Gross profit was $76.78 million, as compared to $92.09 million in the previous year.

Net sales decreased 27.9% in the United States and decreased 0.7% internationally.

Full-year 2023

Gross profit was $318.632 million, as compared to $519.553 million in the previous year.

Net sales decreased 47.8% in the United States and decreased 18.3% internationally.

2024 Outlook

Net sales are expected to be between $435-$463 million during fiscal year 2024.

Amanda Baldwin, Olaplex's CEO, said, "Our fourth quarter results were in line with our expectations and represent another positive step towards stabilizing our demand trend. I am confident in the strong foundation of the Olaplex brand and believe that our priorities for the year ahead will position the company to return to consistent sales and profit growth."

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